Vedanta Ltd has received approval from the National Company Law Tribunal (NCLT), Mumbai bench, to proceed with its long planned demerger, allowing the oil-to-metals conglomerate to split into five separate listed entities, according to a Bloomberg report. A company spokesperson confirmed that Vedanta will now move ahead with the necessary steps to implement the demerger scheme. “The approval marks a key milestone in Vedanta’s transformation into focused, sector-leading companies with clear strategic mandates and dedicated capital structures,” the spokesperson said. The company aims to complete the demerger by March 31, 2026, subject to regulatory and procedural clearances. Five New Verticals…
Author: Adarsh Kumar
HDFC Bank has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake in IndusInd Bank, paving the way for the country’s largest private lender to become a significant shareholder in the troubled private sector bank. IndusInd Bank informed stock exchanges on Tuesday that the approval was granted on December 15, subject to specific conditions. The RBI has asked HDFC Bank to complete the acquisition of the permitted stake within one year from the date of approval. If the investment is not completed within the stipulated timeframe, the regulatory approval will stand cancelled, the…
The year 2025 marked a historic comeback for startup IPOs in India, with Dalal Street recording an all-time high of 18 tech startup listings, offering long-awaited liquidity to venture capital and private equity investors. Startups across consumer internet, fintech, SaaS, and electric vehicles collectively raised around ₹41,248 crore from public markets during the year. A defining feature of the 2025 IPO cycle was the strong tilt towards offer-for-sale (OFS). Nearly 52% of the total proceeds, or ₹21,474 crore, came through OFS, compared to ₹19,810 crore raised via fresh issues. This skew underscores how 2025 effectively served as a major exit…
Tata Power is evaluating the deployment of 20–50 megawatt (MW) small modular nuclear reactor (SMR) plants as part of its long-term clean energy strategy, Managing Director and CEO Praveer Sinha said, signalling the company’s intent to explore next-generation power technologies alongside renewables. The company has outlined an ambitious capital expenditure (capex) plan of ₹25,000 crore for the current financial year, which it aims to maintain annually till FY30. According to an investor presentation, Tata Power plans a total capex of ₹1.25 lakh crore between FY26 and FY30, with nearly 65% of the investment earmarked for clean energy projects. Tata Power’s…
Licious, India’s leading omnichannel meat and seafood retailer, has crossed the ₹100 crore monthly revenue mark for the first time, marking a key growth milestone after a prolonged post-pandemic slowdown. The company reported net revenue of ₹104 crore in November, its highest-ever monthly performance since inception. The milestone caps a strong first half for parent entity Delightful Gourmet Pvt Ltd, which posted ₹530 crore in net revenue in H1 FY26, registering a 42% year-on-year growth. Monthly revenue rose sequentially from ₹94 crore in October to over ₹100 crore in November, pointing to improving execution and strengthening consumer demand as FY26…
EDT, a new-age consumer appliances startup founded by Naiyya Saggi and Vyasateja Rao, has raised $1.4 million in a pre-seed funding round led by early-stage venture capital firm Sauce VC, as investor interest in India’s premium consumer hardware space continues to grow. The round also saw participation from Consumer Collective, Peak XV’s Spark Grant, along with a strong group of founders, operators, and family offices. Notably, several prominent angel investors joined the round, including founders and senior executives from CaratLane, Noise, Urban Company, Mokobara, Ultrahuman, Servify, Vahdam, Dixon Technologies, Cyient, and Reckitt, among others. Founded in 2025, EDT is building…
India Inc is witnessing a decisive shift toward professional management, with a sharp rise in the number of non-promoter chief executive officers earning million-dollar pay packages. Amid growing global uncertainty, Indian companies are increasingly relying on experienced professional CEOs to steer growth, manage complexity and meet global investor expectationsrewarding them with significantly higher compensation. The number of professional CEOs earning $1 million (over ₹8 crore) or more annually in BSE 200 companies has jumped nearly 71% over the past five years, rising to 145 in FY25 from 85 earlier, according to data from global executive search firm Stanton Chase shared…
Mebigo Labs Pvt. Ltd., the operator of popular Indian audio platform Kuku FM, has appointed leading investment banks to manage a proposed initial public offering (IPO) that could raise up to $200 million, according to sources familiar with the matter. The development marks a major milestone for the Mumbai based startup as it prepares to enter public markets amid renewed interest in India’s consumer internet and digital media sector. The company has mandated Kotak Mahindra Capital Co., Axis Bank Ltd., and the Indian unit of Morgan Stanley as bankers for the share sale. While Mebigo Labs has not yet disclosed…
Walmart owned e-commerce major Flipkart has received approval from the National Company Law Tribunal (NCLT) to shift its holding company domicile from Singapore back to India, according to people familiar with the matter. The development marks a key milestone in the company’s preparations for a potential domestic initial public offering (IPO). The approval follows Flipkart’s disclosure earlier this year that it was working towards relocating its legal base to India to better align its corporate structure with its largely domestic operations and business footprint. At the time, the company said the move was aimed at simplifying its structure ahead of…
The December 15 deadline is a key compliance milestone for taxpayers, marking the third instalment of advance tax for the financial year 2025–26 (assessment year 2026–27). Any individual whose total tax liability for the year exceeds ₹10,000, after adjusting for tax deducted at source (TDS), is required to pay tax in advance. By December 15, taxpayers must have paid at least 75% of their total estimated tax liability for the financial year. “This instalment is critical. Missing the deadline automatically attracts interest under Section 234C of the Income-tax Act, even if the remaining tax is paid later while filing the…